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Benzinga
Benzinga
Business
Akanksha Bakshi

DARK SECRETS: Rumble bets on ai cloud growth with northern data takeover plans | Vintage Vibes

Rumble RUM Northern Data Nasdaq Tether
Portland,,Or,,Usa,-,Jan,14,,2022:,Rumble,Mobile,App

Rumble Inc. (NASDAQ:RUM) shares surged on Monday after the company reported second-quarter results and confirmed interest in an all-stock exchange offer to acquire Northern Data AG (OTC:NDTAF).

The company posted a net loss of $30.2 million, or 12 cents per share, missing analysts’ expectations for a loss of 7 cents. Revenue rose 12% year over year to $25.08 million, below the $26.78 million consensus. Adjusted EBITDA loss narrowed to $20.5 million from $28.7 million.

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